BUSINESS, MARKETING, and MONEY

You make many important buying decisions in your adult life. Among the most important of these buying decisions is which third party car insurance policy to buy. First of all, you should understand what third party car insurance is. You may hear this type of insurance referred to as liability insurance. It is the insurance policy that pays your bills if your vehicle damages someone else’s property. Third party is the term that the industry uses to refer to the person that is harmed. You are the first party and the company that underwrites the third party car insurance polity is the second party.

Because your choice of coverage and insurance provider for your third party car insurance is so important you need to do some research to determine that the company you choose has a good reputation and track record for paying off claims. You also need to make sure that the coverage limits that you select comply with the requirements specified by the local governmental agency that regulates third party car insurance in your area.

When you are thinking of purchasing a third party car insurance policy it really pays to do some price comparison. Luckily it is easy to do this. Most of the larger companies offer online tools to help you get a quotations and there are car insurance portal sites that allow you to research third party car insurance policy pricing for a number of companies at the same time. Normally you can also specify any optional coverage or other options that you might be interested in.

Specific policy pricing will depend on a variety of factors. Most companies will consider your driving record as well as any specific coverage you are buying. You want to be sure to take advantage of any discount programs that may be offered. Many companies offer discounts for drivers that have excellent driving records and other offer discounts for situations such as insuring multiple vehicles at the same time. Even if you already have a third party car insurance policy in force, it may be worth your while to do a little comparison shopping. It is possible that you can find more favorable pricing by moving to a different provider from time to time.